Restaurant Property with Additional
New
For Sale
$585,000
4286 Joe Frank Harris Pkwy NW, Adairsville, GA 30103
Operating restaurant property with two buildings, a fruit stand, and road frontage along Joe Frank Harris Parkway.
Property Size2,948 SF
Price / SF$198.44
Days on Market3
Property Features for 4286 Joe Frank Harris Pkwy NW
General Information
Standard status
Active
Size
2,948 SF
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Northwest, LLC.
Listed By:
The Realty Queen Team · License #1999023818
(404) 668-6621
Source:
Shortsaleatlanta
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Northwest, LLC.
Investment Insights
Based on property information with market context.
This 4.36-acre property includes an operating restaurant, two buildings, and a fruit stand. The restaurant is an established commercial component of the site, while the additional structures and overall acreage provide room for continued use or other plans supported by the property’s configuration.
Located at 4286 Joe Frank Harris Pkwy NW, the site fronts Joe Frank Harris Parkway and offers direct road access. The property is positioned within reach of Adairsville and Cartersville, with access to I-75. Its combination of an operating restaurant, multiple buildings, roadside exposure, and substantial land area supports a range of commercial ownership considerations.
Located at 4286 Joe Frank Harris Pkwy NW, the site fronts Joe Frank Harris Parkway and offers direct road access. The property is positioned within reach of Adairsville and Cartersville, with access to I-75. Its combination of an operating restaurant, multiple buildings, roadside exposure, and substantial land area supports a range of commercial ownership considerations.
Key Highlights
- Approximately 4.36 acres along Joe Frank Harris Parkway
- Operating restaurant currently on the property
- Two buildings plus a fruit stand
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,376
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$947,520
$947.5K
Cap Rate 7%
$676,800
$676.8K
Cap Rate 9%
$526,400
$526.4K
Market Conditions
NOI Build-Up for 2,948 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.9K $23.04/SF
− Vacancy
−$4.8K −$1.61/SF
EGI
$63.2K $21.43/SF
− OpEx
−$15.8K −$5.36/SF
NOI
$47.4K $16.07/SF
Area
Bartow County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$947,520
Cap Rate 7%
$676,800
Cap Rate 9%
$526,400
Alternative Uses
Best Use
Specialty Retail
$676.8K
$592.2K – $789.6K
NOI $47,376 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.8K
$724.3K – $965.8K
NOI $57,946 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30103, GA
15,606
Population
5,726
Households
2.7
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
103.9 sq mi
ZIP Area
150
Density / Sq Mi
$76,055
Median Household Income
$45,059
Median Earnings
$1,025
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with two buildings, a fruit stand, and road frontage along Joe Frank Harris Parkway.
Where is this conventional restaurant located?
The property is located at 4286 Joe Frank Harris Pkwy NW Adairsville, GA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Approximately 4.36 acres along Joe Frank Harris Parkway; Operating restaurant currently on the property; Two buildings plus a fruit stand
